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Affordability remains a concern despite finance sources continuing to tighten underwriting standards, according to the firm. Consumers, however, seem unfazed, with outstanding balances climbing to a new record high.
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Manage by the Numbers Solutions announced the official launch of Game Plan, the company’s new suite of management reporting tools.
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New tax law and economies of scale help publics and consolidators buck trends to grow earnings and fuel the buy/sell market to 92% growth in the second quarter. According to the firm, the market is on track for a fifth consecutive year of more than 200 acquisitions.
Read More →PayLink Direct won the first-place Diamond award for F&I Financing, a new category in this year’s Dealers’ Choice Awards.
Read More →Former factory executive Eric Turner has been named vice president of product management by LotLinx.
Read More →Through July, J.D. Power’s Adjusted Used Vehicle Price Index stood at 119.3, which is 4.7 percentage points higher than the year-ago period. The firm said used-vehicle prices began showing strength in the middle half of 2017, a trend that continued deep into this year’s summer selling season.
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Despite the decline, the trade group expects the California market will end the year with around 2 million new-vehicle registrations. That would be a slight decline from the 2.05 million registrations the market recorded in 2017, providing further proof the market has plateaued after several years of big increases.
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Dealertrack DMS’s new headquarters will house more than 500 employees in a 112,000-square-foot building in the ‘Silicon Slopes’ area of Northern Utah.
Read More →VisionMenu today announced integration with Dominion DMS, allowing Dominion dealers to pull information into the F&I menu maker’s suite of software selling solutions.
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Dealers and F&I professionals are invited to submit their most challenging customer objections to IAS’s Eric ‘Frenchy’ Mélon for a chance to win free registration, hotel room, and recognition at this year’s Industry Summit, which heads to Orlando, Fla., in October.
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